Mainstay Cbre Correlations

VCRQX Fund

USD 13.79 0.11 0.79%

The current 90-days correlation between Mainstay Cbre Global and Federated Clover Small is 0.72 (i.e., Poor diversification). The correlation of Mainstay Cbre is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Mainstay Cbre Correlation With Market

Very weak diversification

The correlation between Mainstay Cbre Global and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mainstay Cbre Global and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Mainstay Cbre Global. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

Moving together with Mainstay Mutual Fund

0.83	EPSRX	Mainstay Epoch Global	Pair Corr
0.82	EPSIX	Mainstay Epoch Global	Pair Corr
1.0	VCRVX	Mainstay Cbre Global	Pair Corr
0.88	MSYEX	Mainstay Mackay Unco	Pair Corr
0.88	MSYDX	Mainstay Unconstrained	Pair Corr
0.92	ICELX	Mainstay Epoch Inter	Pair Corr
0.65	MTFEX	Mainstay Mackay Strategic	Pair Corr
0.65	MTFDX	Mainstay Mackay Strategic	Pair Corr
0.67	MTFHX	Mainstay Mackay Strategic	Pair Corr
0.62	MTFFX	Mainstay Mackay Strategic	Pair Corr
0.81	MTINX	Mainstay Income Builder	Pair Corr
0.87	MTMNX	Mainstay Total Return	Pair Corr
0.82	MTODX	Mainstay Income Builder	Pair Corr
0.87	MTRDX	Mainstay Total Return	Pair Corr
0.78	MCYAX	Mainstay Candriam	Pair Corr

Moving against Mainstay Mutual Fund

0.41	MLGRX	Mainstay Large Cap	Pair Corr
0.41	MLINX	Mainstay Large Cap	Pair Corr
0.41	MLRTX	Mainstay Large Cap	Pair Corr
0.4	MLRSX	Mainstay Large Cap	Pair Corr
0.4	MLRRX	Mainstay Large Cap	Pair Corr
0.38	MOINX	Mainstay Epoch Small	Pair Corr
0.46	KLGNX	Mainstay Nerstone Growth	Pair Corr
0.34	MGDNX	Mainstay Moderate Growth	Pair Corr
0.33	MGXNX	Mainstay Growth Allo	Pair Corr

Related Correlations Analysis

	VSFSX	SMVTX	CSCVX	PRSVX	AFDVX	LVAQX	IAAEX
VSFSX		0.95	0.29	1.0	0.98	0.95	0.43	VSFSX
SMVTX	0.95		0.4	0.96	0.95	0.93	0.53	SMVTX
CSCVX	0.29	0.4		0.31	0.3	0.41	0.77	CSCVX
PRSVX	1.0	0.96	0.31		0.98	0.96	0.45	PRSVX
AFDVX	0.98	0.95	0.3	0.98		0.96	0.47	AFDVX
LVAQX	0.95	0.93	0.41	0.96	0.96		0.62	LVAQX
IAAEX	0.43	0.53	0.77	0.45	0.47	0.62		IAAEX
	VSFSX	SMVTX	CSCVX	PRSVX	AFDVX	LVAQX	IAAEX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Mainstay Mutual Fund performing well and Mainstay Cbre Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Mainstay Cbre's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
VSFSX	0.87	(0.10)	(0.17)	1.48	(2.07)	5.18
SMVTX	1.01	(0.15)	(0.22)	1.39	(2.22)	9.55
CSCVX	0.43	(0.07)	(0.27)	0.97	(1.23)	4.53
PRSVX	0.82	(0.10)	(0.17)	1.28	(2.04)	4.44
AFDVX	0.81	(0.11)	(0.19)	1.55	(1.93)	4.58
LVAQX	0.83	(0.14)	(0.24)	1.18	(1.87)	3.80
IAAEX	0.80	(0.12)	(0.32)	1.41	(1.48)	9.17

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